Nirmala Sitharaman: "We have not given any loans to cronies"

Finance Minister Nirmala Sitharaman remarked on Thursday, October 17, that recalling when and what went wrong was absolutely necessary. She was responding to former Prime Minister Dr Manmohan Singh who alleged that Centre was always trying to put blame on its rivals. Earlier, at an event in Columbia University, Sitharaman held duo of Dr Singh and former Reserve Bank of India (RBI) Goverr responsible for b phase of public sector banks. She refuted contention that government was t serious about ameliorating situation. 

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Sitharaman said, "I respect Dr. Manmohan Singh for telling me t to do blame game. But recalling when and what went wrong during a certain period is absolutely necessary to put it in context, w that I'm being charged that re's narrative at all about ecomy.” She ded, "If re is a charge against us that we have t given a cohesive narrative about ecomy, I'm sorry, probably it has t even reached narrative that we're given about ecomy or target with which we are working or response with which we are answering those stress in different parts of country, those industries which are under stress, those messs have probably t even reached people who have commented on us.” 

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'We never committed mistakes'

Finance Minister maintained that government was taking time to clear clog from public sector banks. Taking a dig at Dr Singh-led United Progressive Alliance government, she asserted that present regime was against crony capitalism.  

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"I don't need to put blame. It is more than apparent as to when wrongdoings happened in banks and which is government which is spending time to clear clog from public sector banks and which is government which is pursuing all those who have taken money during UPA government and who've gone out to country out of fear that action is being taken w under this government," she opined. Furrmore, Sitharaman stated, "We never committed mistakes and corruption. We've t given any loans to cronies. We've never supported any wrongdoing and looked at way when as prime minister, I would want to again recall number of corruption cases which h happened during UPA. Has re been any here (under NDA)?” 

(With ncy inputs)

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